Critically analyse a recent article related to the The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry in light of the role of ethical values in economic decisions.
You will find such articles in daily newspapers as well as in more dedicated economic/business journals such as The Economist magazine.
Factiva, an electronic database system available through the ACU Library also allows you to search for newspaper articles on specific topics.
Requirements
1.The article analysis is comprised of a written paper of no more than 1500 words. In preparing your business article critique you should:
2.Provide a brief discussion of the article and point out the three most important issues contained within the article. Do not simply summarise.
3.Point out the underlying concepts which are relevant to the article
4.Provide a critique if the article contains economic discrepancies/ ignores important economic policy problems or issues, or is inconsistent with economic theory.
The article should be properly referenced at the end of the paper and include a copy of or a link to the article.
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Ethical Values in Economic Decisions Critically analyse a recent article related to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry in light of the role of ethical values in economic decisions.
Ethical Values in Economic Decisions
You will find such articles in daily newspapers as well as in more dedicated economic/business journals such as The Economist magazine.
Factiva, an electronic database system available through the ACU Library also allows you to search for newspaper articles on specific topics.
Ethical Values in Economic Decisions Requirements
The article analysis is comprised of a written paper of no more than 1500 words. In preparing your business article critique you should:
Provide a brief discussion of the article and point out the three most important issues contained within the article. Do not simply summarize.
Point out the underlying concepts which are relevant to the article
Provide a critique if the article contains economic discrepancies/ ignores important economic policy problems or issues, or is inconsistent with economic theory.
The article should be properly referenced at the end of the paper and include a copy of or a link to the article.
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Consider the following technologies, systems, or data transactions – some of which we have encountered in previous lectures: –Behavioral advertising-Pharmacy’s data about consumers’ prescription drugs usage-Face recognition in online social networks-NSA surveillance
Discuss
1)What personal information may be exchanged with the technology/system? (Consider information that is exchanged both with and without the individual’s knowledge and consent.)
2)Can you think of parties with actual economic interests in that information
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
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You are a recent college grad and just received the job of your dreams. You have decide to purchase a new car and home. In preparing for your new car you do your research. Access and use a loan calculator for your car and home purchase. Analyze the following data:
Home Purchase Amount Length of Loan Interest 1 Interest 2
$ 300,000 15 yrs 4.68 6.5
$ 300,000 30 yrs 3.68 4.68
Review the amortization tables for each loan and identify the total interest paid in each scenario.
Deliverable Assignment:
Write a 1-2 page papers discuss your finding for each loan then determine which combination of car and home loan you will select. Discuss the importance of good credit and how it will impact your total payments.
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Rationale for Economic Regulation of Transportation
How has common law provided a basis for the government’s regulation of transportation in the United States?
Rationale for Economic Regulation of Transportation
Discuss the role of antitrust laws in transportation during the regulated versus deregulated eras.
How do the police powers of the Constitution affect transportation?
Analyze the major issues addressed by the ICC Termination Act national transportation policy statements.
Unlike many industrialized nations, the United States has fostered private ownership of transportation companies. What is the rationale for private ownership?
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New Structural Economics Literature Review I’m working on my master thesis and I need a Literature Review on New Structural Economics which is divided into three parts:
New Structural Economics Literature Review
1-Comparative advantage: how to identify it and how to use it to have a competitive economy
2-The role of the State in the whole process of New Structural Economics from the Identification of the Comparative Advantage to all the rest of the process, the facilitating State 3-Infrastructure in the process of New Structural Economics and development of infrastructure.
Does economic theory provide anything like a concrete set of reliable policies for creating sustained economic growth in a middle-income country?
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How can one find the market price of a bond given its yield to maturity or find a bond’s yield given its price? Why do prices and yields vary inversely?
How does competition among investors lead to efficient markets? Supply and demand are perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy.
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Import and Export of Food and World Order Write about any food that a certain country produces, and mention all the economic and social impact that the importation and exportation of that product have around the world. Also, write about the “World Order” in general. In this entry,
Import and Export of Food and World Order
we analyze available data and research on international trade patterns, including the determinants and consequences of globalization over the last couple of decades. Here is an overview of the main points we cover below.
Over the last two centuries trade has grown remarkably, completely transforming the global economy. Today about one-fourth of total global production is exported.
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Economics Micro Quiz Preparation Essay Paper I have a test tonight from ECON1 and the professor handed us out the practices questions that would directly (she said) help me prepare for the test. I’m sorry to make you hurry, but it won’t be either long or tricky.
Economics Micro Quiz Preparation Essay Paper
The answers to every question are already served at the bottom. What I want you to do is adding a brief easy explanation of each answer to every question (you could do it on any margin or make another space below the questions.
Economics Micro Quiz Preparation Essay Paper Practice Questions
A society that is producing its maximum combination of goods and using all available resources for production:
has minimized its opportunity cost.
has maximized its opportunity cost.
is operating on its production possibilities frontier (PPF).
is operating outside its production possibilities frontier (PPF).
has eliminated scarcity.
How are changes in opportunity cost related to decision-making behavior?
The lower the opportunity cost of doing an activity X, the more likely activity X will be done.
The higher the opportunity cost of doing activity X, the more likely activity X will be done.
Changes in the opportunity cost play no role in decision-making.
The lower the opportunity cost of doing activity Y, the more likely activity X will be done.
The higher the opportunity cost of doing activity Y, the less likely activity X will be done.
An expectation of a lower price in the future will:
increase current demand.
decrease current demand.
not change demand.
cause demand to stay the same but increase the quantity demanded.
cause demand to stay the same but decrease the quantity demanded.
Which of the following will cause a movement along a good’s supply curve?
an increase in the price of input
the price of the good increases
the production process of the good becomes more efficient
more firms enter the market
the government places a subsidy on the producer of the good
Something is an inferior good if the demand for the good:
increases as the consumer’s income increases.
increases as the consumer’s income decreases.
decreases as the price of a complement increases.
decreases as the price of a substitute increases.
decreases as the consumer’s income decreases.
Which of the following would be expected to cause an increase in the supply of fax machines?
An increase in the number of business firms demanding fax machines.
An increase in the price of fax machines.
A decrease in the cost of manufacturing fax machines.
An economy that produces cars and cakes is currently operating efficiently. What happens if the economy now experiences high unemployment?
The PPF will shift outward.
The PPF will shift inward.
The economy will move from a point on the PPF to a point outside the PPF.
The economy will move from a point on the PPF to a point inside the PPF.
The economy will move along the PPF curve. The direction of movement depends on whether primarily autoworkers or cake bakers become unemployed.
Suppose you’ve spent $200,000 obtaining your college degree, the marginal cost to finish is
Economics Micro Quiz Preparation Essay Paper
$100,000 and the marginal benefit is $150,000. Then definitely you:
should complete your degree.
should not complete your degree since the total cost will be $300,000 and the benefit
$150,000.
should complete your degree only if the marginal cost is equal to or less than $200,000.
obtain more information before making a decision.
As a discipline, economics is best described by which of the following?
the study of how to control the effects of government actions
the study of how to control the preferences of consumers so that there will be enough resources to produce all the goods and services that consumers want
the study of how to use scarce resources to satisfy unlimited wants and needs
the study of how to dispose of excess goods and services that nobody wants
the study of how to maximize profits for firms
Which of the following is a macroeconomic question?
How many textbooks should be published by a publisher?
How much should English majors earn after college?
How do members of a household decide whether to clean their own house or hire someone else to do it?
What is the rate of unemployment?
What is the price of a new 40-inch television?
Which following change in the coffee market would shift the supply curve to the
right?
Economics Micro Quiz Preparation Essay Paper
A study finds that drinking coffee leads to higher grades.
The wage for employees in the coffee business decreases.
The income in the economy increases.
Firms expect the price of coffee to increase in the future.
Fifty Starbucks coffee shops close down.
The opportunity cost of any action is
all the possible alternatives forgone.
the best alternative forgone.
the time required but not the monetary cost.
the monetary cost but not the time required.
Marginal benefit is the benefit
that your activity provides to someone else.
of an activity that exceeds its cost.
that arises from the secondary effects of an activity.
that arises from a small increase in an activity.
When the price of an hour of tutoring increases,
the demand for tutoring decreases.
the demand for tutoring increases.
the demand curve for tutoring shifts.
the quantity demanded for tutoring increases.
the quantity demanded for tutoring decreases.
Which of the following is an example of a normative statement?
Household consumption is the largest component of spending.
Government spending rose in the 1980s.
The business sector is the primary source of jobs.
Households should save more.
Human capital is
all capital owned by individuals, but not by corporations or governments.
all capital owned by individuals or corporations, but not by governments.
machinery that meets or exceeds federal safety standards.
the accumulated skill and knowledge of workers.
Point Production of X Production of Y
———————————————————————————
a 0 40
b 4 36
c 8 28
d 12 16
e 16 0
Economics Micro Quiz Preparation Essay Paper
Refer to the table above. The opportunity cost of increasing the production of Y from 16 to
36 units is
4 units of X.
8 units of X.
10 units of X.
12 units of X.
The opportunity cost for Elijah of going to a water park is:
zero, if it is raining that day and the water park is closed.
the price of the admission pass plus the highest valued alternative activity Elijah could have done instead.
the highest valued alternative activity Elijah could have done instead.
You observe that more education is associated with more income and conclude that more income leads to more education. This would be an example of:
the rule of rational choice.
opportunity cost.
the fallacy of composition
confusing correlation with causation
ceteris paribus
Economics Micro Quiz Preparation Essay Paper
Study Guide List scarcity law of supply microeconomics vs. macroeconomics buyer’s reservation price incentives seller’s reservation price ceteris paribus quantity demanded vs. demand confusing correlation with causation quantity supplied vs. supply fallacy of composition factors that shift demand curves
trade-offs/opportunity cost factors that shift supply curves marginal thinking law of increasing opportunity cost factors of production economic models production possibilities curve economic good vs economic bad law of demand rational self-interest invisible hand
-Introduction
should do the following: 1.Introduce your topic, and in a way that indicates its importance. 2.Indicate briefly the research that has been done on the topic. 3.Identify a gap, problem, controversy, etc., in the existing research.
4.Explain how the present paper will fill that gap, solve that problem, etc. 5.State the thesis of the paper the answer to the research question that the paper attempts to
answer. 6.Indicate briefly the limits of your study
-Literature Review
Your literature review should describe the studies of your topic that are relevant for your present study.
Begin with a brief general assessment of the literature (e.g., it is abundant, there? not much there, most studies focus on methodological issues, data problems beset research on this topic, most studies look at X, little has been done in the past thirty years, etc.).
Then get down to brass tacks by describing the aspects of the literature that are most relevant to your study. (It is not necessary or even desirable to comment on every feature [data, methodology, findings, policy implications, etc.] of a previous study.)
For example, if the main contribution of your paper is to extend an existing model, it may make sense to focus your review on a discussion of the models used in other papers. Organize your review along those same lines. For instance, you may first describe the papers that use the model you will extend.
You may then describe those papers that have extended that model in a certain way.
-Data
The Data section (which you?l see only in empirical papers) identifies the source of the data and any
problems or special features of the data. Your data section should do at least the following:
1.Identify the source of your data. 2.Describe the source. 3.Explain why you use that source. 4.Identify any caveats: features of the data that may affect your results or that a reader should keep in mind in evaluating them (e.g., the data over-represent a certain demographic population, the data is plagued by self-selection bias, etc.)
-Methodology/Model
1.Identify your methodology/model. 2.Describe your methodology/model. 3.Explain why you use that methodology/model. 4.Identify any caveats: features of your methodology/model that may affect your results or that a reader should keep in mind when evaluating them
-Results
1.Identify the results that answer your research question. 2.Identify and comment on any unusual or surprising or intriguing results. 3.Identify and comment on any results that you have told your reader you will comment on
You may wish to begin your results section by reminding the reader of the question you are trying
to answer and any caveats the reader should bear in mind. Note: It is not necessary or even
desirable to comment in detail on every single result.
Conclusion
The Conclusion sections of economics papers are the least standardized, and are an often neglected
section. Conclusions may consist of a single paragraph restating the main points or main findings. Sometimes they suggest lines of future research.
Your conclusion may do any or all of the following: 1.Restate the question you have attempted to answer. 2.Restate your main contribution and/or findings. 3.Indicate lines for further research. 4.Remind readers of the limitations or caveats of your study. 5.Identify broader implications (e.g., policy implications)
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